WGO 0.00% 35.5¢ warrego energy limited

Ann: Non-Renounceable Entitlement Offer Document, page-185

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ANNOUNCEMENT SPONSORED BY PLUS500
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  1. 615 Posts.
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    Please read the Ann carefully everybody. Management is relying on $4.5m funds from sh. They are not expecting finding a partner before they raise the total amount. If they don’t get the $4.5m they will start selling assets and continue to find partner for the project. This is not good news. There will be no partner before the fund raising. Management will not get the $4.5m because no one trust them. Most of the $4.5m will be used to pay off creditors and their salaries. Only a small amount left for 3 days drilling. This CR will not get us to the bottom of well2. DC is not offering any credible solution here.
 
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